
Cheap Homes for Rent in Drake University Neighborhood of Des Moines, IA from $500 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Drake University area of Des Moines.


702 20th St

1000 24th St

1000 24th St

1000 24th St

1314 22nd St

1334 32nd St

1334 32nd St

2822 Kingman Blvd

718 15th St
Drake University, Des Moines, IA Local Guide

How much does it cost to rent a home in Drake University?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Drake University 2 Bedroom Homes for Rent | $1,063 | $795 | $1,400 |
Drake University 3 Bedroom Homes for Rent | $1,645 | $1,195 | $1,995 |
Browse Homes for Rent in this Neighborhood
There are currently 12 rentals with your search options within a 1 mile radius of the Drake University Neighborhood of Des Moines, IA.
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Drake University, Des Moines, IA Local Guide
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Cheapest Available Drake University Apartments for Rent
 The cheapest available apartment rental in the Drake University area of Des Moines, IA is a Studio unit found at The Flats on 21st priced from $595. Village Green has the second lowest priced unit, which is a Studio apartment currently listed from $600. Here are the most affordable Drake University apartments for rent in Des Moines, IA:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Flats on 21st | Studio | Studio,1BA | $595 |
Village Green | Studio | Studio,1BA | $600 |
Cottage Heights on 29th | 1 Bedroom | 1BR,1BA | $645 |
The Grove at Hickman | 1x1 | 1BR,1BA | $675 |
Canary Lofts | S1 - Studio A | Studio,1BA | $695 |
Best Value Apartments for Rent in Drake University, IA
As of September 14, 2025 the best value apartment in the Drake University area is the $1.30 price per square foot B2 Model at Matilda 235 Townhomes in the in the Downtown Des Moines neighborhood starting from $2,795. The second greatest value Drake University apartment is the Model A Model at The Elmhurst starting at $1,300 with a $1.00 price per square foot in the Downtown Des Moines neighborhood. Here is today’s list of the best values for Drake University apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Matilda 235 Townhomes | B2 | 2BR,2.5BA | $1.30 |
The Elmhurst | Model A | 2BR,2BA | $1.00 |
2813 Cottage Grove Ave | 2 bed | 2BR,1BA | $0.82 |
Woodland Avenue Brickstone | 2x1 850 | 2BR,1BA | $1.19 |
Skyloft Apartments | 2BR/1.0BA | 2BR,1BA | $1.09 |
MLK Brickstone Apartments | One Bedroom | 1BR,1BA | $1.12 |
Kingstone Apartments 2 | 1BR/1.0BA | 1BR,1BA | $1.23 |
The Flats on 21st | 1 Bedroom | 1BR,1BA | $1.25 |
The Grove at Hickman | 1x1 | 1BR,1BA | $1.17 |
Cottage Heights on 29th | 1 Bedroom | 1BR,1BA | $1.14 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleDrake University, Des Moines, IA
Ranked #67
Among cities in Iowa for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Drake University
What type of rentals are currently available in Drake University?
There are currently 275 Apartments for Rent in Drake University, IA with pricing that ranges from $600 to $2,795. There are also 26 Single Family Homes for rent, Condos, and Townhome rentals currently available in Drake University ranging from $560 to $1,995.
What is the current price range for Rental Homes in Drake University?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Drake University ranges from $560 to $1,995 with an average monthly rent of $1,031.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

A Local Expert's Guide To the Top Budget-Friendly Neighborhoods to Rent in Des Moines, Iowa
Written by: Joseph Isenberg
I'm Joe, the ApartmentHomeLiving.com Local Expert for Des Moines and Central Iowa. My parents moved to Central Iowa in 1967, and my family has been here ever since.

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.